MMPH 007 Solved Assignment 2023-24
MMPH 007 Solved
Assignment 2023-24, FREE MMPH
007 Solved Assignment 2023-24, FREE MMPH 007 Compensation
and Rewards Management Assignment PDF, How to
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MMPH 007 Solved
Assignment 2023-24: MMPH 007
Solved Assignment 2023-24 FREE MMPH 007 Solved Assignment
2023-24, students can directly done their assignment by simply take reference
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Course Code: MMPH 007
Assignment Code: MMPH 007 ASST/TMA/2023-24
Marks: 100
NOTE: All questions are compulsory
Note: Attempt all the questions and submit this assignment
to the Coordinator of yourstudy centre. Last date of submission for July 2023
session is 31st October, 2023 and for January 2024 session is 30th April 2024.
Q1. Give a
comprehensive view of compensation policy. Explain the micro and macro linkages
of compensation policy.
A compensation
policy is a structured framework established by an organization to remunerate
its employees for their contributions. It encompasses various elements such as
base salary, bonuses, benefits, and other perks. The primary objectives are to
attract, retain, and motivate a skilled workforce while aligning with
organizational goals and remaining competitive in the job market.
Components of
Compensation Policy:
Base Salary:
The fixed amount paid regularly as the foundation of an employee's
compensation.
Variable Pay:
Performance-driven components like bonuses and incentives.
Benefits:
Non-monetary offerings, such as health insurance, retirement plans, and
vacation days.
Recognition and
Rewards: Acknowledging outstanding performance through awards or recognition
programs.
Market
Competitiveness: Ensuring compensation is competitive in the job market.
Equity and
Fairness: Establishing fair pay structures and addressing internal equity.
Objectives of
Compensation Policy:
Attract and
Retain Talent: Offering competitive compensation to attract and keep skilled
individuals.
Motivate
Performance: Linking pay to performance to encourage excellence.
Internal
Equity: Ensuring fairness in pay structures within the organization.
External
Competitiveness: Benchmarking compensation against industry standards.
Cost Control:
Managing labor costs while remaining competitive.
Micro Linkages
of Compensation Policy:
Performance
Management: Tying compensation to individual performance evaluations.
Career
Development: Linking compensation to career progression.
Employee
Engagement: Contributing to satisfaction, engagement, and commitment.
Retention:
Using compensation to retain talented employees.
Macro Linkages
of Compensation Policy:
Organizational
Strategy: Aligning compensation with overall organizational strategy and goals.
Market Trends:
Regularly adjusting compensation policies to align with market trends.
Labor Market
Conditions: Adapting compensation to changes in the labor market.
Legal and
Regulatory Compliance: Ensuring compliance with labor laws and regulations.
Corporate
Culture: Reflecting and reinforcing the organization's values and culture.
In summary, a
compensation policy is a multifaceted strategy designed to address both
individual and organizational needs. The micro linkages focus on individual
employee performance and behavior, while the macro linkages consider broader
organizational goals and external factors. Striking a balance between these
micro and macro aspects is essential for a compensation policy to effectively
contribute to the success of the organization.
Q2. Explain various
approaches in designing compensation. Chalk out various alternative system of
compensation.
Q3. Discuss the issues
involved in compensation. Explain the ethical aspects of wage determinations.
Q4. Identify the
contents of "wage" under various Acts. Discuss the difficulties for
not having a uniform definition of wages.
Q5. Describe the
concepts of allowances and fringe benefits citing examples.
MMPH 007 Handwritten Assignment 2023-24
MMPH 007 Solved
Assignment 2023-24: We provide handwritten PDF and Hardcopy to our
IGNOU and other university students. There are several types of handwritten
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Important Note - You may be aware that you need to submit
your assignments before you can appear for the Term End Exams. Please remember
to keep a copy of your completed assignment, just in case the one you submitted
is lost in transit.
Submission Date :
31st March 2023 (if
enrolled in the July 2023-24 Session)
30th Sept, 2023 (if
enrolled in the January 2023-24 session).
IGNOU Instructions for the MMPH 007 Assignments
MMPH 007 Compensation
and Rewards Management Assignment 2023-24
Before ate mpting the assignment, please read the following instructions
carefully.
1. Read the detailed
instructions about the assignment given in the Handbook and Programme Guide.
3. Write the course
title, assignment number and the name of the study centre you are attached to
in the centre of the first page of your response sheet(s).
4. Use only
foolscap size paper for your response and tag all the pages carefully
5. Write the relevant
question number with each answer.
6. You should write
in your own handwriting.
GUIDELINES FOR IGNOU Assignment MMPH 007023-24
MMPH 007 Solved
Assignment 2023-24 You
will find it useful to keep the following points in mind:
1. Planning: Read the questions carefully. Go through the
units on which they are based. Make some points regarding each question and
then rearrange these in a STATISTICS IN PSYCHOLOGYal order. And please write
the answers in your own words. Do not reproduce passages from the units.
2. Organisation: Be a little more selective and analytic before
drawing up a rough outline of your answer. In an essay-type question, give
adequate attention to your introduction and conclusion. The introduction must
offer your brief interpretation of the question and how you propose to develop
it. The conclusion must summarise your response to the question. In the course
of your answer, you may like to make references to other texts or critics
as this will add some depth to your analysis.
3. Presentation: Once you are satisfied with your
answers, you can write down the final version for submission, writing each
answer neatly and underlining the points you wish to emphasize.
IGNOU Assignment Front Page
The top of the first
page of your response sheet should look like this: Get IGNOU Assignment Front page through. And
Attach on front page of your assignment. Students need to compulsory attach the
front page in at the beginning of their handwritten assignment.
ENROLMENT NO: …………………………
NAME: ………………………………………
ADDRESS: …………………………………
COURSE TITLE: …………………………
ASSIGNMENT NO: ………………………
STUDY CENTRE: …………………………
DATE: ………………………………………
MMPH 007 Handwritten Assignment 2023-24
MMPH 007 Solved
Assignment 2023-24: We provide handwritten PDF and Hardcopy to our IGNOU
and other university students. There are several types of handwritten
assignment we provide all Over India. We are genuinely work in this field for
so many time. You can get your assignment done - 8130208920
PDF & Handwritten
WhatsApp - 8130208920
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